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NEW YORK (

TheStreet

) --

Health Care REIT

(NYSE:

HCN

) hit a new 52-week high Friday as it is currently trading at $61.92, above its previous 52-week high of $61.89 with 535,284 shares traded as of 1:40 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Health Care REIT has a market cap of $13.02 billion and is part of the

financial

sector and

real estate

industry. Shares are up 12% year to date as of the close of trading on Thursday.

TheStreet Recommends

Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. The company has a P/E ratio of 54.3, above the average real estate industry P/E ratio of 49.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Health Care REIT as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Health Care REIT Ratings Report

.

See all

52-week high stocks

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